CONSENT AND AMENDMENT NO. 3 TO THE LOAN AGREEMENT, AMENDMENT NO. 2 TO THE SECURITY AGREEMENT AND AMENDMENT NO. 1 TO THE PLEDGE AGREEMENT
EXHIBIT 10.1
CONSENT AND AMENDMENT NO. 3 TO THE LOAN AGREEMENT, AMENDMENT NO.
2 TO THE SECURITY AGREEMENT AND AMENDMENT NO. 1 TO THE PLEDGE
AGREEMENT
CONSENT AND AMENDMENT NO. 3 TO THE LOAN AGREEMENT, AMENDMENT NO. 2 TO THE SECURITY AGREEMENT AND AMENDMENT NO. 1 TO THE PLEDGE AGREEMENT dated as of July 3, 2001 (this "Agreement") among RECOTON CORPORATION, a New York corporation ("Recoton"), INTERACT ACCESSORIES, INC., a Delaware corporation ("InterAct"), RECOTON AUDIO CORPORATION, a Delaware corporation ("Audio"), AAMP OF FLORIDA, INC., a Florida corporation ("AAMP"), and RECOTON HOME AUDIO, INC., a California corporation ("RHAI" and together with Recoton, InterAct, Audio, AAMP and RHAI, collectively, the "Borrowers"), the Guarantors, the Lenders, XXXXXX FINANCIAL, INC., a Delaware corporation, for itself as a Lender and as Administrative Agent and as Senior Agent and GENERAL ELECTRIC CAPITAL CORPORATION, a New York corporation for itself as a Lender and as Collateral Agent and as Syndication Agent. The Administrative Agent, Senior Agent and the Collateral Agent are sometimes referred to herein as the "Agents". Capitalized terms used herein and not otherwise defined herein shall have the meaning set forth in the Loan Agreement dated as of October 31, 2000 (as amended by (i) the Consent and Amendment No. 1 to the Credit Agreement and Amendment No. 1 to the Security Agreement, dated as of February 7, 2001 and (ii) Amendment No. 2 to the Credit Agreement, dated as of May 10, 2001, as the same may be further amended, supplemented, restated or otherwise modified from time to time, the "Loan Agreement") among the Borrowers, the Guarantors, the Lenders and the Agents.
R E C I T A L S:
WHEREAS, the Borrowers, the Guarantors, the Lenders and the Agents have entered into the Loan Agreement;
WHEREAS, the Borrowers, the Guarantors and the Senior Agent have entered into that certain Security Agreement dated as of October 31, 2000 (as amended by the Consent and Amendment No. 1 to the Credit Agreement and Amendment No. 1 to the Security Agreement, dated as of February 7, 2001 as the same may be further amended, supplemented, restated or otherwise modified from time to time, the "Security Agreement");
WHEREAS, the Borrowers, the Guarantors and the Senior Agent have entered into that certain Pledge Agreement dated as of October 31, 2000 (as amended, supplemented, restated or otherwise modified from time to time, the "Pledge Agreement");WHEREAS, the Borrowers have requested that the Lenders consent to (i) the establishment of Recoton (Hong Kong) Limited, a Hong Kong corporation which will be a direct wholly-owned subsidiary of Recoton, to act as a buying and selling agent on behalf of Recoton, (ii) the establishment of Recoton Accessories, Inc., a Delaware corporation ("Recoton Accessories") which will be a direct wholly-owned subsidiary of Recoton, and Recoton Mobile Electronics, Inc., a Delaware corporation ("Mobile Electronics") which will be a direct, wholly-owned subsidiary of Audio, and the accession of each of Recoton Accessories and Mobile Electronics as parties to the Loan Agreement as Borrowers thereunder, (iii) (A) Recoton making equity Investments in Recoton (Hong Kong) Limited (in cash or other assets not to exceed a value of US$50,000 in the aggregate) and Recoton Accessories (consisting of the assets and liabilities of the consumer electronics accessory business of Recoton and additional cash as may be necessary to fund operations) and (B) Audio making equity Investments in Mobile Electronics (consisting of the assets and liabilities of the mobile electronics division of Audio and additional cash as may be necessary to fund operations) each in connection with the Non-InterAct Restructuring (as defined below), (iv) the possible future reincorporation of Recoton Japan, Inc., an Illinois corporation, as a Delaware corporation by way of merger with a to-be-established Delaware corporation which will be a direct, wholly-owned subsidiary of Recoton International Holdings, Inc. (f/k/a Recoton European Holdings, Inc.) and (v) the future dissolution and liquidation of ReCone, Inc. and the possible future dissolution and liquidation of Christie Design Corporation (the transactions described in clauses (i) through (v) above and as set forth in Schedule I hereto, collectively, the "Non-InterAct Restructuring");
WHEREAS, as part of the Non-InterAct Restructuring (i) Recoton will transfer its assets used to conduct the consumer electronics accessory business to Recoton Accessories and Audio will transfer its assets used to conduct the mobile electronics business to Mobile Electronics, respectively, with the condition that such transferred assets remain subject to the Liens granted under the Loan Documents, (ii) Recoton International Holdings, Inc. ("RIH") will merge into Recoton European Holdings, Inc. ("REH") with REH being the surviving entity of the merger, and REH will change its name to RIH pursuant to the merger, (iii) Audio will dividend its shares in RIH to Recoton, thus making RIH a first tier Domestic Subsidiary of Recoton and (iv) Recoton International Holdings, Inc. will dividend its shares in Recoton (UK) Limited to Recoton resulting in Recoton (UK) Limited becoming a direct, wholly-owned subsidiary of Recoton;
WHEREAS, as part of the STD Restructuring, Borrowers have requested that the Lenders agree to and acknowledge the inclusion of the inventory and accounts receivable of InterAct Canada, Ltd. in the Borrowing Base as Eligible Collateral, subject to the eligibility requirements set forth in Section 2.1(C) of the Loan Agreement (the "Inclusion");
WHEREAS, the Borrowers have requested that the Senior Agent agree to amend certain provisions of the Security Agreement;
WHEREAS, the Borrowers have requested that the Senior Agent agree to amend certain provisions of the Pledge Agreement; and
WHEREAS, subject to the terms and conditions of this Agreement, (i) the Lenders have agreed to (A) consent to the Non-InterAct Restructuring, (B) acknowledge the Inclusion and (C) amend the Loan Agreement, and (ii) the Senior Agent has agreed to amend the Security Agreement and the Pledge Agreement as specifically set forth herein;
NOW, THEREFORE, it is agreed as follows:
Section 1. Consent. Notwithstanding anything to the contrary in Sections 7.3, 7.4, 7.6 and 7.11 of the Loan Agreement, the Lenders consent to the Non-InterAct Restructuring, provided that with respect to the future possible dissolution of Christie Design Corporation the Lenders' consent is conditioned upon the Agents' timely receipt of the Officer's Certificate referred to in Section 7(d)(ii) hereof, and agree that the equity Investments and asset transfers described in clauses (iii)(A) and (iii)(B) above shall not give rise to a prepayment obligation under Section 2.4(B) of the Loan Agreement.
Section 2. Acknowledgment. Notwithstanding anything to the contrary in Section 2.1(C) of the Loan Agreement, the Lenders hereby agree to and acknowledge the Inclusion.
Section 3. Amendment to the Loan Agreement.
(a) Section 2.1(C) of the Loan Agreement is hereby amended effective as of April 1, 2001, by revising the definition of "Eligible Inventory" and "Eligible Accounts" therein by deleting the words "Recoton Canada" and substituting therefor the words "Canadian Subsidiaries" as the context requires;
(b) Sections 2.3(D), 2.4(A), 2.4(B)(2), 4.9 and 8.1(F) of the Loan Agreement are hereby amended effective as of April 1, 2001, by deleting the words "Recoton Canada" and substituting therefor the words "Canadian Subsidiaries" as the context requires;
(c) the definition of "Canada Guaranty" is revised effective as of January 18, 2001, to read as follows:
| "Canada Guaranty" means each of (i) the Canada Guaranty, entered into as of the Closing Date, by Recoton Canada Ltd. in favor of the Senior Agent and (ii) the Canada Guaranty, entered into as of January 18, 2001, by InterAct Canada, Ltd. in favor of the Senior Agent."; |
(d) the definition of "Canada Security Agreement" is revised effective as of January 18, 2001, to read as follows:
| "Canada Security Agreement" means each of (i) the Canada Security Agreement, dated as of the Closing Date, between Recoton Canada Ltd. and the Senior Agent and (ii) the Canada Security Agreement, dated as of January 18, 2001, between InterAct Canada, Ltd. and the Senior Agent." |
(e) the following definition is inserted in the proper alphabetical order in Section 11.1, effective as of January 18, 2001:
| "Canadian Subsidiaries" means, collectively, Recoton Canada Ltd. and InterAct Canada, Ltd."; |
(f) the definition of "Foreign Subsidiary" is hereby amended effective as of January 18, 2001, by deleting the words "Recoton Canada" in the parenthetical expression and substituting therefor the words "the Canadian Subsidiaries";
(g) the definition of "Hong Kong Pledge Agreement" is revised to read as follows:
| "Hong Kong Pledge Agreement" means the pledge agreement executed and delivered in connection with the Loan Agreement and in form and substance satisfactory to the Senior Agent, among Recoton, InterAct Holdings, Inc. or InterAct Technologies, Inc., as applicable, and the Senior Agent, regarding the stock of Recoton (Far East) Limited or STD Technology Holding Limited, as applicable." |
(h) the definition of "Inactive Subsidiaries" is revised to read as follows:
| "Inactive Subsidiaries" means those Subsidiaries set forth as Inactive Subsidiaries in Schedule 7.6"; |
(i) the following definition is inserted in the proper alphabetical order in Section 11.1, effective as of January 18, 2001:
| "InterAct Canada" means InterAct Canada, Ltd., an Ontario corporation."; |
(j) the definition of "Priority Payable Reserves" is hereby amended effective as of April 1, 2001, by deleting the words "Recoton Canada" and substituting therefor the words "Canadian Subsidiaries" as the context requires;
(k) the definition of "UK Pledge Agreement" is revised to read as follows:
| "UK Pledge Agreement" means the pledge agreement executed and delivered in connection with the Loan Agreement and in form and substance satisfactory to the Senior Agent, among Recoton European Holdings, Inc. or Recoton Corporation, as applicable, and the Senior Agent, regarding the stock of Recoton UK."; |
(l) Section 7.3(A)(vii) is renumbered as 7.3(A)(vi) effective as of October 31, 2000;
(m) Section 7.4(h) is revised to read as follows:
| "Borrowers and their Subsidiaries may make additional equity Investments in existing and new Subsidiaries in connection with the STD Restructuring, not to exceed in the case of equity Investments made in STD Technology Holding Limited and Recoton (Far East) Limited an aggregate amount of US$100,000, to the extent permitted under subsection 7.11;"; |
(n) Schedule 2.1(C)(ii) is revised to read as set forth in Schedule II hereto; (o) Schedule 7.1 is revised to read as set forth in Schedule III hereto;
(p) Schedule 7.2 is revised to read as set forth in Schedule IV hereto;
(q) Schedule 7.6 is revised to read as set forth on Attachment 1-A hereto;
(r) Schedule 7.11 is revised to read as set forth on Attachment 1-B hereto; and
(s) Schedule 11.1(B) is hereby amended to (i) add under Item 1 thereof the UCC-1 financing statements filed by IBM Credit Corporation against Recoton in connection with the finance lease regarding the New Information System and (ii) indicate that InterAct has an equipment lease with Xxxxxx Xxxxxx Capital Corporation regarding office furniture.
Section 4. Amendment to the Security Agreement.
(a) Section 2 is hereby amended to change references to "Recoton Canada" to the "Canadian Subsidiaries", effective as of January 18, 2001;
(b) Schedule II to the Security Agreement is revised to read as set forth in Schedule V hereto;
Section 5. Amendment to the Pledge Agreement.
(a) The definition of "Domestic Subsidiaries" in Section 1 of the Pledge Agreement is hereby amended effective as of January 18, 2001, by deleting the word "Subsidiary" after the word "Canadian" and by substituting therefor the word "Subsidiaries";
(b) the definition of "Foreign Subsidiary" in Section 1 of the Pledge Agreement is hereby amended effective as of January 18, 2001, by deleting the word "Subsidiary" after the word "Canadian" and by substituting therefor the word "Subsidiaries";
(c) Section 2 of the Pledge Agreement is hereby amended effective as of January 18, 2001, by deleting the last three sentences of such Section in their entirety and by substituting therefor the following sentences:
| "The Company shall forthwith cause each of Recoton Canada Ltd. and InterAct Canada, Ltd. (each a "Canadian Subsidiary" and collectively, the "Canadian Subsidiaries") to record on its share register that the Pledged Shares of each Canadian Subsidiary have been pledged to Pledgee, as Senior Agent, on behalf of Agents, Senior Lenders, Subordinated Agent and Subordinated Creditors under this Agreement. In order to better perfect Pledgee's security interest under this Agreement, the Company and the Canadian Subsidiaries covenant and agree that they shall, at the request of Pledgee, ensure that the Pledged Shares are registered in the name of Pledgee, or at Pledgee's option, its nominee. Upon registration of the Pledged Shares in the name of the Pledgee or its nominee, each Canadian Subsidiary shall promptly deliver to Pledgee a photocopy of the applicable share register evidencing such recordation, certified by a responsible officer of such Canadian Subsidiary to be a true and complete photocopy thereof."; |
(d) Exhibits X-0, X-0 and A-II are amended to read as set forth in Schedules VI, VII and VIII, respectively, attached hereto with the additional entries on such Exhibits being effective as of the dates noted on such Exhibits; and
(e) Schedule B is revised to read as set forth on Attachment 1-C hereto.
Section 6. Representations and Warranties. The Borrowers and Guarantors hereby represent and warrant to each Agent and each Lender that after giving effect to this Agreement:
(a) no Default or Event of Default has occurred and is continuing on and as of the date hereof;
(b) with respect to the equity Investments and asset transfers described in clauses (iii)(A) and (iii)(B) of the fourth Recital herein and after giving effect to such transactions, each of Recoton and Audio shall be Solvent. "Solvent" means that: (i) each of Recoton's and Audio's assets exceed its respective liabilities, at a fair valuation; (ii) the present fair saleable value of each of Recoton's and Audio's assets exceeds the amount that will be required to pay its probable liability on its existing debts as they become absolute and matured; (iii) neither Recoton nor Audio has unreasonably small capital for the businesses in which each is engaged; and (iv) neither Recoton nor Audio has incurred and/or intends to incur obligations beyond its ability to pay as they mature.
(c) the representations and warranties of the Borrowers and the other Loan Parties contained in the Loan Agreement and the other Loan Documents are true and correct on and as of the date hereof as if made on and as of the date hereof, except to the extent such representations and warranties expressly relate to a different date; and
(d) the execution and delivery by the Borrowers and the Guarantors of this Agreement and the performance by the Borrowers and the Guarantors of all of their respective agreements and obligations under this Agreement, the Loan Agreement, the Security Agreement and the Pledge Agreement as consented to and amended hereby, respectively, are within the power and authority of the Borrowers and the Guarantors and have been duly authorized by all necessary action on the part of the Borrowers and the Guarantors, and that the execution and delivery by the Borrowers and the Guarantors, of this Agreement and the performance by each of the transactions contemplated hereby will not contravene any term or condition set forth in any material agreement or instrument to which each is a party or by which each is bound.
Section 7. Effectiveness. This Agreement shall become effective as of the dates specifically set forth herein, or if none, on July 3, 2001, upon the satisfaction of all of the following conditions precedent:
(a) the Requisite Lenders shall have executed and delivered a counterpart of this Agreement and received duly executed counterparts of this Agreement from the Borrowers and Guarantors (which aforesaid executions and deliveries may be effected by delivery and receipt by facsimile transmission);
(b) Recoton shall have paid (and Recoton hereby covenants and agrees to pay, subject to and simultaneously with the effectiveness of the applicable provisions of this Agreement) to the Senior Agent and Administrative Agent, for the respective accounts of each of those Requisite Lenders that, as of the date hereof, have fully executed and delivered counterparts of this Agreement to the Senior Agent, an amendment fee (the "Amendment Fee") in immediately available funds in the amount of US$150,000 to be shared pro rata among the Requisite Lenders that are parties to this Agreement on the basis of their respective Commitment;
(c) receipt by the Agents of such amendments and counterparts to the Security Documents, Guaranties and the other Loan Documents, including but not limited to the Notes, as may be requested by Agents to bind the newly created Subsidiaries and existing Subsidiaries to the terms of this Agreement, the Related Agreements and the other applicable Loan Documents;
(d) receipt by the Agents of copies of organizational documents, resolutions and incumbency certificates of any Persons executing any of the foregoing amendments or counterparts, including but not limited to, (i) an officer's certificate regarding compliance by ReCone, Inc. with the provisions of Section 7.17 of the Loan Agreement as of the date hereof and (ii) an officer's certificate (the "Officer's Certificate") regarding compliance by Christie Design Corporation with the provisions of Section 7.17 of the Loan Agreement as of the date noted on such Officer's Certificate, provided, however, that this Agreement shall become effective without the Officer's Certificate from Christie Design Corporation but Christie Design Corporation cannot be dissolved until the Officer's Certificate is provided, and such other documents and instruments in connection therewith as may be reasonably requested by Senior Agent; and
(e) receipt by the Agents of a favorable opinion of counsel to Loan Parties as to due authorization, execution, and delivery of such amendments or counterparts, the enforceability thereof and such other matters as may be reasonably requested by Agents (including as to the creation and perfection of Liens pursuant to the Security Documents);
all of the foregoing set forth in clauses (c) through (e) in form and substance reasonably satisfactory to the Agents (the requirements set forth in clauses (c) through (e) not being conditions to effectiveness of the Agreement but rather being conditions to effectiveness of the approvals granted by the Lenders pursuant to this Agreement in connection with the various actions giving rise to the need for such documents).
Section 8. Status of Loan Documents.
(a) This Agreement is limited solely for the purposes and to the extent expressly set forth herein, and, except as expressly provided hereby, (i) the terms, provisions and conditions of the Loan Documents and (ii) the Liens granted under the Loan Documents shall continue in full force and effect and are hereby ratified and confirmed in all respects.
(b) No consent or amendment of any terms or provisions of the Loan Agreement, the Security Agreement or the Pledge Agreement, respectively, made hereunder shall relieve the Borrowers and Guarantors from complying with any other term or provision of the Loan Agreement, the Security Agreement, the Pledge Agreement or any other Loan Document.
Section 9. Miscellaneous.
(a) No Waiver, Cumulative Remedies. No failure or delay or course of dealing on the part of any Agent or any Lender in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege hereunder. The rights, powers and remedies herein expressly provided are cumulative and not exclusive of any rights, powers or remedies which the Lenders would otherwise have. No notice to or demand on the Borrowers or Guarantors in any case shall entitle the Borrowers or Guarantors to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of the Lenders to any other or further action in any circumstances without notice or demand.
(b) Expenses. The Borrowers agree to pay and reimburse the Administrative Agent and Lenders for all of their costs and expenses (including, without limitation, costs and expenses of legal counsel) in connection with this Agreement.
(c) Headings Descriptive. The headings of the several Sections and subsections of this Agreement are inserted for convenience only and shall not in any way affect the meaning or construction of any provision.
(d) Severability. In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.
(e) Counterparts. This Agreement may be executed and delivered in any number of counterparts and by the different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. A complete set of counterparts shall be lodged with each of Recoton and the Administrative Agent.
Section 10. Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by their respective duly authorized officers as of the date first written above.
| BORROWERS: | RECOTON CORPORATION By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Senior Vice President - Finance INTERACT ACCESSORIES, INC. RECOTON AUDIO CORPORATION AAMP OF FLORIDA, INC. RECOTON HOME AUDIO, INC. By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Senior Vice President - Finance |
| GUARANTORS: | CHRISTIE DESIGN CORPORATION RECOTON INTERNATIONAL HOLDINGS, INC. RECOTON EUROPEAN HOLDINGS, INC. RECOTON JAPAN, INC. RECONE, INC. RECOTON CANADA LTD. INTERACT CANADA, LTD. INTERACT INTERNATIONAL, INC. INTERACT HOLDINGS, INC. INTERACT TECHNOLOGIES, INC. By: /s/ Xxxxxx Xxxxxxx Name: Xxxxxx Xxxxxxx Title: Senior Vice President - Finance |
| LENDERS: | XXXXXX FINANCIAL, INC., individually and as Senior Agent and Administrative Agent By: /s/ Xxxxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxxxx Title: Vice President GENERAL ELECTRIC CAPITAL CORPORATION, individually and as Collateral Agent and Syndication Agent By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: uthorized Representative BANK OF AMERICA By: /s/ Xxxxxxx Xxxxx Name: Xxxxxxx Xxxxx Title: Assistant Vice President THE CIT GROUP / BUSINESS CREDIT, INC. By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Vice President GUARANTY BUSINESS CREDIT CORPORATION By: /s/ Xxxxxx X. Xxxxxxx Name: Xxxxxx X. Xxxxxxx Title: Vice President DEBIS FINANCIAL SERVICES, INC. By: /s/ Xxxxxxxxxxx Xxxxxxxx Name: Xxxxxxxxxxx Xxxxxxxx Title: Managing Director, Asset Based Lending FOOTHILL CAPITAL By: /s/ Xxxx Xxxxxxxxxx Name: Xxxx Xxxxxxxxxx Title: Vice President CITIZENS BUSINESS CREDIT By: /s/ Xxxxxxx X. X'Xxxxx Name: Xxxxxxx X. X'Xxxxx Title: Senior Vice President FIRSTAR BANK By: /s/ Xxxxx X. Xxxxxx Name: Xxxxx X. Xxxxxx Title: Senior Vice President WASHINGTON MUTUAL BANK By: /s/ Xxxxx X. Xxxx Name: Xxxxx X. Xxxx Title: Vice President SIEMENS FINANCIAL SERVICES, INC. By: /s/ Xxxxx Xxxxxx Name: Xxxxx Xxxxxx Title: Vice President - Credit GMAC BUSINESS CREDIT LLC By: /s/ Xxxx Xxxxx Name: Xxxx Xxxxx Title: Assistant Vice President |
Schedule 1
Attachment 1-A
Schedule 7.6
Subsidiaries Which May Be Liquidated
| STD Plastic Industrial Limited STD Trading Limited Peak Hero Limited Ever Smart Management Limited STD (Tianjin) International Trade Development Company Limited Tambalan Limited Xxxx Consumer Products (HK) Ltd. Christie Design Corporation ReCone, Inc. |
Xxxx Xxxx* Xxxx Xxxx* Xxxx Xxxx* Hong Kong* P.R. of China* United Kingdom* Hong Kong* US, Delaware US, Delaware |
* Inactive Subsidiary
Attachment 1-B
Schedule 7.11
Subsidiaries to be Established
InterAct International, Inc., InterAct Holdings, Inc, and InterAct Technologies, Inc., each of which are currently existing Delaware corporations without shareholders, directors or officers may become Subsidiaries pursuant to or in anticipation of a restructuring of InterAct and STD as more thoroughly described on Schedule 11.1(C). Furthermore, Recoton Accessories, Inc. and Recoton Mobile Electronics, Inc., each of which are currently existing Delaware corporations and a to-be-formed Hong Kong company under the name of Recoton (Hong Kong) Limited will, and an also to-be-formed Delaware corporation which, upon its merger with Recoton Japan, Inc., an Illinois corporation, will thereafter be known as Recoton Japan, Inc. will become Subsidiaries pursuant to or in anticipation of the Non-InterAct Restructuring.
Attachment 1-C
Schedule B
| 1. | Each of the following: (i) STD Plastic Industrial Limited, a corporation organized under the laws of Hong Kong, (ii) STD Trading Limited, a corporation organized under the laws of Hong Kong, (iii) Peak Hero Limited, a corporation organized under the laws of Hong Kong, (iv) Ever Smart Management Limited, a corporation organized under the laws of Hong Kong, (v) STD (Tianjin) International Trade Development Company Limited, a corporation organized under the laws of the Peoples Republic of China, (vi) Tambalan Limited, a corporation organized under the laws of the United Kingdom, (vii) Xxxx Consumer Products (HK) Ltd., a corporation organized under the laws of Hong Kong, (viii) Christie Design Corporation, a Delaware corporation and (ix) ReCone, Inc., a Delaware corporation, shall be able to liquidate, wind-up or dissolve to the extent permitted pursuant to subsection 7.6 of the Loan Agreement or, after the indefeasible payment in full in cash of the Senior Debt, subsection 6.6 of the Subordinated Credit Agreement, as applicable, and Loan Parties (as defined in the Loan Agreement) may merge or consolidate with other Loan Parties to the extent permitted by subsection 7.6 of the Loan Agreement or, after the indefeasible payment in full in cash of the Senior Debt, subsection 6.6 of the Subordinated Credit Agreement. |
| 2. | InterAct International shall be permitted to sell its stock in accordance with subsection2.4(B)(6) of the Loan Agreement; and options on the stock of InterAct International may be granted, and stock may be issued upon exercise of such options, to employees and directors of InterAct International as described in Schedule 4.1(A) of the Loan Agreement. Furthermore, each of Recoton Accessories, Inc. and Recoton Mobile Electronics, Inc. shall be permitted to issue their shares to Recoton and Audio, respectively. |
Schedule II
Schedule 2.1(C)(ii)
Locations of Inventory in Transit
(after the InterAct Restructuring and Non-InterAct Restructuring)
Inventory is in transit to the following locations (N.B.: after the Non-InterAct Restructuring, all inventory previously owned by Recoton Corporation will be owned by Recoton Accessories, Inc. and all inventory previously owned by Recoton Audio Corporation will be owned by Recoton Mobile Electronics, Inc):
1. Company Locations
Company Address/City/State/Zip County
------- ---------------------- ------
Recoton Accessories, Inc. 0000 Xxxx Xxxx Xxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
0000 Xxxx Xxxx Xxxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
000 Xxxxx Xxxx Xxxxxx
Xxxxxxx, XX 00000
x/x Xxxxxx Xxxxxxxx Xxxxxxxxx Xxxxx Xxxxxx
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
InterAct Accessories, Inc. 0000 Xxxx Xxxx Xxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
0000 Xxxx Xxxx Xxxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
c/o Bridge Terminal Transport Xxxxx
0000 Xxxxxx Xxxxxx
Xxxxxxxxxxxx, XX 00000
2000-2002 X. Xxxx Xxxx Xxxx Xxxxxxxx
Xxxxxxx, XX 00000
000 Xxxxx Xxxx Xxxxxx
Xxxxxxx, XX 00000
AAMP of Florida, Inc. 00000 00xx Xxxxx, Xxxxx 000 Xxxxxxxx
Xxxxxxxxxx, XX 00000
0000 X. Xxxxxx Xxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000
000 Xxxxxxxx Xxxx Washoe
Xxxxx 000 & 000
Xxxxxx, XX 00000
0000 Xxxxxxx Xxxx Xxx Xxxxx
Xxx Xxxxx, XX 00000
Recoton Mobile Electronics, Inc. 0000 Xxxx Xxxx Xxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
0000 Xxxx Xxxx Xxxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
000 Xxxxx Xxxx Xxxxxx
Xxxxxxx, XX 00000
Recoton Home Audio, Inc. 0000 Xxxx Xxxx Xxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
000 Xxxxx Xxxx Xxxxxx
Xxxxxxx, XX 00000
000 Xxxxx Xxxx Xxxxxx
Xxxxxxx, XX 00000
0000 Xxxx Xxxx Xxxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
Recoton International Holdings, Inc. 0000 Xxxx Xxxx Xxxx Xxxxxxxx
Xxxx Xxxx, XX 00000
Recoton Canada Ltd. 000 Xxxxxxx Xxxxx XX
Xxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
InterAct Canada, Ltd. 000 Xxxxxxx Xxxxx XX
Xxxxxxxxx, Xxxxxxx X0X 0X0
Xxxxxx
2. Customs Brokers
BDP International (for InterAct Accessories, Inc.)
000 Xxxxxxxx Xxxx Xxxxx, Xxxxx 000
Xxxx Xxxxxx, XX 00000
(000) 000-0000
DFW International (for Recoton Accessories, Inc.)
0000 Xxx Xxx Xxxx
Xxxxx Xxxxxxx, XX 00000
(000) 000-0000
Xxxxx Customs Brokers (for Recoton Mobile Electronics,
Inc. and Recoton Accessories, Inc.)
0000 X Xxxxx Xxxx
Xxxxxxxxxx Xxxxxxx, XX 00000
(000) 000-0000
Priority One International (for Recoton Mobile Electronics,
Inc. and Recoton Home Audio, Inc.)
0000 Xxxxxxxxx Xxxx.
Xxxxxxx, XX 00000
(000) 000-0000
Xxxx Xxxxxx & Associates, Inc. (for Recoton Mobile Electronics
Inc. and Recoton Home Audio, Inc.)
0000 Xxxxxxxxxx Xxxxxx
X.X. Xxx 00000
Xxxxxxxxxxxx, XX 00000
(000) 000-0000
Tower Group International (for Recoton Mobile Electronics,
Inc., Recoton Home Audio, Inc. and InterAct Accessories, Inc.)
000 Xxxxxxx Xxxxxx
Xxxxxxx, XX 00000-0000
(000) 000-0000
and
000 Xxxxxx Xxxxx Xxxx., Xxxx 00
Xxxxx Xxx Xxxxxxxxx, XX 00000
000-000-0000
Xxxxx Customs Brokers LTD. (for Recoton Canada Ltd. and
InterAct Canada, Ltd.)
000 Xxxxxx Xxxx.
Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0
(000) 000-0000
Eagle Air USA (for InterAct Accessories, Inc.)
0000 Xxxxxxx Xx.
Xxxxxxx, XX 00000
(000) 000-0000
Comet Customs Brokers, Inc. (for InterAct Accessories, Inc.)
000 X. Xxxxxxx Xxxx
Xxxxxx Xxxxxx, XX 00000
(000) 000-0000
Xxxxxx & Xxxxx (for Recoton Accessories, Inc.)
0000 Xxxxx Xxxxx Xx. Xxxxx 000
Xxxxxxx, XX 00000
(000) 000-0000
UPS (for Recoton Accessories, Inc., Recoton Mobile
Electronics, Inc., Recoton Home Audio, Inc., InterAct
Accessories, Inc. and AAMP of Florida, Inc.)
0000 Xxxxxxxx Xxxx. Xxxxx 000
Xxxxxxx, XX 00000
(000) 000-0000
Federal Express (for Recoton Accessories, Inc., Recoton
Mobile Electronics, Inc., Recoton Home Audio, Inc., InterAct
Accessories, Inc. and AAMP of Florida, Inc.)
0000 Xxxxxxxxx Xxxx. Xxxxx 000
Xxxxxxx, XX 00000
(000) 000-0000
Sack & Xxxxxxxx Inc. (for AAMP of Florida, Inc.)
0000 Xxxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, XX 00000
(000) 000-0000
Xxxx X'Xxxxxxxx (for InterAct Accessories, Inc.)
c/o Micra Company
000-00 000xx Xxxx
Xxxxxxx, XX 00000
3. Drayage Yards
BTT Jacksonville (for Recoton Accessories, Inc., AB Trucking (for Recoton Accessories, Inc.,
Recoton Mobile Electronics, Inc., Recoton Recoton Mobile Electronics, Inc., Recoton Home
Home Audio, Inc. and InterAct Accessories, Inc.) Audio, Inc. and InterAct Accessories, Inc.)
000 Xxxxxxxx Xx. 0000 Xxxxxx Xxxxxx Xx.
Xxxxxxxxxxxx, XX 00000 Xxxxxxx, XX 00000
Ph: 800-888-7413 Ph: 510-835-0930
BTT Savannah (for Recoton Accessories, Inc., PRTI (for Recoton Accessories, Inc., Recoton
Recoton Mobile Electronics, Inc., Recoton Home Mobile Electronics, Inc., Recoton Home Audio,
Audio, Inc. and InterAct Accessories, Inc.) Inc. and InterAct Accessories)
X.X. Xxx 000 1284 Caspian Way
Hwy. 00 xxxx xx Xxx. 000 Xxxx Xxxxx, XX 00000
Xxxxxx, XX 00000 Ph: 510-835-0930
Ph: 000-000-0000
BTT Chicago (forRecoton Accessories, Inc.) PRTI (for Recoton Accessories, Inc., Recoton
0000 X. 00xx Xxxxxx Mobile Electronics, Inc., Recoton Home Audio,
Xxxxxxx, XX 00000 Inc. and InterAct Accessories)
000 0xx Xxx.
Xxxxxxx, XX 00000
Ph: 510-835-7784
BTT Irving (for Recoton Accessories, Inc.) Xxxxxxx International (for AAMP of Florida, Inc.)
1812 Loop 12 North 0000 Xxxxxxxx Xxxxxx Xx., Xxxxx 000
Xxxxxx, XX 00000 Xxxxx, XX 00000
Ph: 000-000-0000 000-000-0000
Xxx Xxxxxx
Xxx-Xxx Company (for AAMP of Florida, Inc.)
0000 00xx Xxxxxx
Xxxxx, XX 00000
000-000-0000
Xxx Xxxxx
4. Ports
a. For Recoton Accessories, Inc.
Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc. and InterAct Accessories, Inc.
Port of Oakland Port of Long Beach
000 Xxxxx Xxxxxx 000 Xxxxxx Xxxxx
Xxxxxxx, XX 00000 X.X. Xxx 000
Ph: 000-000-0000 Xxxx Xxxxx, XX 00000
Ph: 310-732-3508
Port of Miami Port of Savannah
0000 Xxxxx Xxxxxxxx Xxx Xxx 00 Xxxxx
Xxxxx, XX 00000 Xxxxxx Xxxx, XX 00000
Ph: 000-000-0000 Ph: 000-000-0000
b. For AAMP of Florida, Inc.
Port of Los Angeles Port of Orlando
Los Angeles, CA Orlando, FL
Port of Tampa Port of Miami
Tampa, FL 0000 Xxxxx Xxxxxxxx Xxx
Xxxxx, XX 00000
Ph: 305-371-7678
c. For Recoton Canada Ltd. and InterAct Canada, Ltd.
Port of Vancouver
000 Xxxxx Xxxxx Xxxx
X.X. Xxx 0000
Xxxxxxxxx, XX 00000
Ph: (000) 000-0000
5. Transload Distribution Facility
HUDD Distribution (for Recoton Accessories, Inc., Recoton Mobile Electronics,
Inc., Recoton Home Audio, Inc.
and InterAct Accessories, Inc.)
0000 Xxxx Xx.
Xxxxxx, XX 00000
Ph. 000-000-0000
Xxxxxxx International (for AAMP of Florida, Inc.)
0000 Xxxxxxxx Xxxxxx Xx., Xxxxx 000
Xxxxx, XX 00000
000-000-0000
Xxx Xxxxxx
6. Rail Yards
Santa Fe Dallas (for CSX Orlando (for InterAct Accessories, Inc.)
Recoton Accessories, Inc.) 0000 Xxxxxxxx Xxx.
0000 Xxxxxxxx Xxxx Xxxx Xxxxxxx, XX 00000
Xxxxxx, XX 00000 Ph: 000-000-0000
Ph: 000-000-0000
CSX Jacksonville (for Recoton Accessories, Inc., FEC (Florida Coast East) Jacksonville (for
Recoton Mobile Electronics, Inc., Recoton Home Recoton Accessories, Inc., Recoton Mobile
Audio, Inc. and InterAct Accessories, Inc.) Electronics, Inc., Recoton Home Audio,
0000 Xxxxxxxxx Xxxx Xx. Inc. and InterAct Accessories, Inc.)
Xxxxxxxxxxxx, XX 00000 0000 Xxxxxxxx Xxx.
Ph: 000-000-0000 Xxxxxxxxxxxx, XX 00000
Ph: 000-000-0000
CNR (Canadian National Rail) (for Recoton Canada CPR (Canadian Pacific Rail) (for Recoton
Ltd. and InterAct Canada, Ltd.) Canada Ltd. and InterAct Canada, Ltd.)
00 Xxxxxxxxxxxxx Xxxxx 0000 Xxxxxxxxxx Xx.
Xxxxxxxx, Xxxxxxx X0X 0X0 Xxxxxx, Xxxxxxx X0X 0X0
7. Forwarder's Yards
Panalpina CFS (for Recoton Canada Ltd. and InterAct Paltainer (for Recoton Canada Ltd. and
Canada, Ltd.) InterAct Canada, Ltd.)
0000 Xxxxxx Xxxxxx XX Xxxxxxxx
Xxxxxxxxxxx, Xxxxxxx X0X 0X0 International Drive
Brampton, Ontario
Paltainer (for Recoton Canada Ltd. and InterAct Paltainer Recoton Canada Ltd. and
Canada, Ltd.) InterAct Canada,Ltd.)
CO OBICO I.W.I.
Xxxxx Xxxxx Xxxxxx Xxxx 0000 Xxxxxx Dr.
Etobicoke, Ontario Mississagua, Ontario
Schedule III
Schedule 7.1
Indebtedness
| 1. | See Indebtedness noted on Schedule 7.4(e). |
| 2. | Recoton entered into a finance lease with IBM Credit Corporation regarding the ERP system. |
Schedule IV
Schedule 7.2
Guaranties
(after completion of the InterAct Restructuring
and the Non-InterAct Restructuring)
| 1. | The following Recoton subsidiaries have guaranteed the obligations under the Senior Subordinated Notes: |
| Christie Design Corporation InterAct Accessories, Inc. Recoton Audio Corporation ReCone, Inc. Recoton Home Audio, Inc. Recoton International Holdings, Inc (f/k/a Recoton European Holdings, Inc) Recoton Japan, Inc. AAMP of Florida, Inc. Recoton Canada Ltd. |
| 2. | The following Recoton subsidiaries have guaranteed the obligations under the Subordinated Credit Agreement: |
| Christie Design Corporation InterAct Accessories, Inc. Recoton Audio Corporation ReCone, Inc. Recoton Home Audio, Inc. Recoton International Holdings, Inc (f/k/a Recoton European Holdings, Inc)v Recoton Japan, Inc. AAMP of Florida, Inc. Recoton Canada Ltd. InterAct Canada, Ltd. InterAct International, Inc. InterAct Holdings, Inc.v InterAct Technologies, Inc. Recoton Accessories, Inc. Recoton Mobile Electronics, Inc. |
| 3. | Guarantees by the parent companies of the obligations of Subsidiaries which employ the employees noted in item B of Schedule 4.16 |
Schedule V
SCHEDULE II
Liens; Financing Statements; Goods in Possession
of Consignees, Bailees, Warehousemen, Agents
and Processors
(N.B.: after the Non-InterAct Restructuring, all inventory previously owned by Recoton Corporation will be owned by Recoton Accessories, Inc. and inventory previously owned by Recoton Audio Corporation will be owned by Recoton Mobile Electronics, Inc.)
| 1. | Liens: See definition of Permitted Encumbrances and related schedules. |
| 2. | Financing Statements: None. |
| 3. | Goods in Possession of Consignees: |
| Starcrest Products 00000 Xxxxxxx Xxxxxx Xxxxxx, XX 00000 |
(for Recoton Accessories, Inc.) |
| UBID 0000 X. Xxxxxx Xxxxx Xxxxxxx, XX 00000 |
(for Recoton Accessories, Inc. and Recoton Home Audio, Inc.) |
|
Sears Consignment Warehouse 0000 Xxxxxxx Xxxx Xxxxxxx Xxxxxxx, XX 00000 |
(for Recoton Accessories, Inc., Recoton Mobile Electronics, Inc. and Recoton Home Audio, Inc.) |
|
Walmart Pickering, Ontario CANADA L1W 4A3 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
| 4. | Bailees: |
|
c/o Bridge Terminal Transport 0000 Xxxxxx Xxxxxx Xxxxxxxxxxxx, XX 00000 |
(for Recoton Accessories, Inc., Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc. and InterAct Accessories, Inc.) |
|
RCL Storage/Detained MDSE Toronto, Canada |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
| 5. | Warehousemen: |
|
AB Tech 00-X Xxxxxxx Xxxxx Xxxxxxxx, XX 00000 |
(for Recoton Home Audio, Inc.) |
|
c/o Air Van Logistics 0000 X. Xxxxx Xxxxx, XX 00000 |
(for Recoton Accessories, Inc.) |
|
GES Exposition Services 0000 Xxxxxx Xxxx Xxx Xxxxx, XX 00000 |
(for Recoton Accessories, Inc., Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc., AAMP of Florida Inc. and InterAct Accessories, Inc. |
|
ASL Distribution Services Ltd 0000 Xxxxxxxxxx Xxxx Xxxxxxxx, Xxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
ASL Distribution 000 Xxxxx Xxxxxxx Xxxx Xxxxxxxx, Xxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
ACE Warehousing and Distribution 00 Xxxxxx Xxxxx Xxxxxx, Xxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
c/o Nissin Air Cargo Co., Ltd Tokyo Brach Shiomi Warehouse 42-1 Shiomi-Cho, Funabashi-City Chiba-Prefecture, Japan |
(for Recoton Japan, Inc.) |
|
c/o Mega Tech International 000-0 Xxxxxxxx-Xxx, Xxxxxxxx-Xxxx Xxxxx-Xxxxxxxxxx, Xxxxx |
(for Recoton Japan, Inc.) |
| 6. | Customs Agents: |
|
BDP International 000 Xxxxxxxx Xxxx Xxxxx, Xxxxx 000 Xxxx Xxxxxx, XX 00000 (000) 000-0000 |
(for InterAct Accessories, Inc.) |
|
DFW International 0000 Xxx Xxx Xxxx Xxxxx Xxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Accessories, Inc.) |
|
Xxxxx Customs Brokers 0000 X Xxxxx Xxxx Xxxxxxxxxx Xxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc. and Recoton Accessories, Inc.) |
|
Priority One International 0000 Xxxxxxxxx Xxxx. Xxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc., and Recoton Accessories, Inc.) |
|
Xxxx Waters & Associates, Inc. 0000 Xxxxxxxxxx Xxxxxx X.X. Xxx 00000 Xxxxxxxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc. and Recoton Accessories, Inc.) |
|
Tower Group International 000 Xxxxxxx Xxxxxx Xxxxxxx, XX 00000-0000 (000) 000-0000 and 000 Xxxxxx Xxxxx Xxxx., Xxxx 00 Xxxxx Xxx Xxxxxxxxx, XX 00000 000-000-0000 |
(for Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc., InterAct Accessories, Inc. and Recoton Accessories, Inc.) |
|
Xxxxx Customs Brokers LTD. 00 Xxxxxx Xxxx. Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0 (000) 000-0000 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
Eagle Air USA 0000 Xxxxxxx Xx. Xxxxxxx, XX 00000 (000) 000-0000 |
(for InterAct Accessories, Inc.) |
|
Comet Customs Brokers, Inc. 000 X. Xxxxxxx Xxxx Xxxxxx Xxxxxx, XX 00000 (000) 000-0000 |
(for InterAct Accessories, Inc.) |
|
Xxxxxx & Xxxxx 0000 Xxxxx Xxxxx Xx. Xxxxx 000 Xxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Accessories, Inc.) |
|
UPS 0000 Xxxxxxxx Xxxx. Xxxxx 000 Xxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Accessories, Inc., Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc., InterAct Accessories, Inc. and AAMP of Florida, Inc.) |
|
Federal Express 0000 Xxxxxxxxx Xxxx. Xxxxx 000 Xxxxxxx, XX 00000 (000) 000-0000 |
(for Recoton Accessories, Inc., Recoton Mobile Electronics, Inc., Recoton Home Audio, Inc., InterAct Accessories, Inc. and AAMP of Florida, Inc.) |
|
Sack & Xxxxxxxx Inc. 0000 Xxxxxxxxx Xxxxx Xxxxx 000 Xxxxxxx, XX 00000 (000) 000-0000 |
(for AAMP of Florida, Inc.) |
|
Xxxx X'Xxxxxxxx c/o Micra Company 000-00 000xx Xxxx Xxxxxxx, XX 00000 |
(for InterAct Accessories, Inc.) |
| 7. | Processors: |
|
Xxxxx Chemical 000 X. 00xx Xxxxxx Xxxxxxx, XX 00000 |
(for Recoton Accessories, Inc.) |
|
Oxford Innovations Xxxxxxxx Xxxxxx Xxxxxxx, XX 00000 |
(for InterAct Accessories, Inc.) |
|
Innovative Plastics 000 Xxxxx 000 Xxxxxxxxxx, XX 00000 |
(for InterAct Accessories, Inc.) |
|
Zomax 0000 Xxxxxx Xxxx Xxxxxxxx, XX 00000 |
(for InterAct Accessories, Inc.) |
|
Quality Components 0000 Xxxxxx Xxxxx Xxxxxx, XX 00000 |
(for Recoton Home Audio, Inc.) |
|
Vergeance 000 0xx Xxxxxx Xxxxxxx, XX 00000 |
(for Recoton Home Audio, Inc.) |
|
Pro Tech Electronics 0000 X. Xxxx Xxxx Xxxx., Xxxx 000 Xxxx Xxxx, XX 00000 (Seminole Co.) |
(for Recoton Mobile Electronic, Inc.) |
|
Peerless Audio 000 X. Xxxxxxx Xxxxx Xxxxx, XX 00000 [Currently Inactive] |
(for Recoton Home Audio, Inc.) |
|
Jollenbeck Gbmh Xxxxxxxxxxx 0, X-00000 Xxxxxxxx Xxxxxxx |
(for InterAct Accessories, Inc.) |
|
Sure-Pack Corp. 000 Xxxx Xxxxx Xxxxxxxxx, XX 00000 |
(for InterAct Accessories, Inc.) |
|
Xxxxxxxx Packing 000 X. 00xx Xxxxxx Xxxxxxx, XX 00000 |
(for Recoton Accessories, Inc.) |
|
Cubicon Corporation Xxxxxx Xxxxxx Xxxxxxxxxx Xxxx (Xxxxxx Xxxxxx) Xxxxxx, XX 00000 |
(for Recoton Mobile Electronics, Inc.) |
|
RHA c/o Custom Packaging Technology 0000 Xxxxxxxx Xxxx Xxxxxxx, XX 00000 (Xxxxxx Co.) [Currently Inactive] |
(for Recoton Home Audio, Inc.) |
|
Universal Packaging Services, Inc. 0000 Xxxxxxxx Xxxxxxxx, XX 00000 |
(for InterAct Accessories, Inc.) |
|
ARC Industries 000 Xxxxx Xxxx Xxxx, Xxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
Impact Distribution 0000 XxXxxxxx Xxxxxx, Xxxx 0 Xxxxxxxxxxx, Xxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
Diversified Marketing Consultants & Associates 000 Xxxxxxxx Xxxx, Xxxx 0 Xxxxxxxxxxx, Xxxxxxx XXXXXX M1L 3XC |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
Salvation Army 000 Xxxxxxxx Xxxx Xxxxxxxxxxx, Xxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
|
Power Packaging Products Xxxx 000, 0000 Xxxxxxxx Xxxxxx Xxxxx, Xxxxxxx Xxxxxxxx XXXXXX X0X 0X0 |
(for Recoton Canada Ltd. and InterAct Canada, Ltd.) |
Schedule VI
EXHIBIT A-1
to Pledge Agreement
I. DESCRIPTION OF CAPITAL STOCK OF EACH DOMESTIC SUBSIDIARY
(after InterAct Restructuring and Non-InterAct Restructuring)
-------------------------------------------------------------------------------------------------------------------
Shares
Class Stock Authorized Issued
of Certificate No. of Outstanding and Held in Percentage
Stock Issuer Shareholder Stock No Shares Shares Treasure of Shares
-------------------------------------------------------------------------------------------------------------------
Recoton Accessories, Inc. Recoton Common 1* 3,000 1 0 100%
Corporation 2** 9
-
10
-------------------------------------------------------------------------------------------------------------------
Recoton Audio Corporation Recoton Common 1 3,000 10 0 100%
(f/k/a International Xxxxxx Corporation
Incorporation)
-------------------------------------------------------------------------------------------------------------------
Recoton Japan, Inc. Recoton Common 1 1,000 100 0 100%
(f/k/a Xxxxxx Japan, Inc.) International
Holdings (f/k/a
Recoton European
Holdings, Inc.)
-------------------------------------------------------------------------------------------------------------------
Recoton International Recoton Common 2 3,000 1,000 0 100%
Holdings, Inc. (f/k/a Recoton Corporation
European Holdings, Inc. and
IJI European Holdings, Inc.)
-------------------------------------------------------------------------------------------------------------------
ReCone, Inc. (f/k/a Fujicone, Recoton Audio Common 2 40,000 20,000 0 100%
Inc.) Corporation
-------------------------------------------------------------------------------------------------------------------
Recoton Home Audio, Inc. Recoton Audio Common 1 1,000 100 0 100%
(f/k/a Now Hear This, Inc., Corporation
IJI Speciality Audio, Inc.
and Speciality Audio, Inc.)
-------------------------------------------------------------------------------------------------------------------
Recoton Mobile Electronics, Recoton Audio Common 1* 3,000 1 0 100%
Inc. Corporation 2** 9
-
10
-------------------------------------------------------------------------------------------------------------------
Christie Design Corporation Recoton Common 1 3,000 10 0 100%
Corporation
-------------------------------------------------------------------------------------------------------------------
AAMP of Florida, Inc. Recoton Common 4 200 10 0 100%
Corporation
-------------------------------------------------------------------------------------------------------------------
InterAct International, Inc. Recoton Common 1 51,000,000 45,000,000 0 100%
Corporation
-------------------------------------------------------------------------------------------------------------------
InterAct Holdings, Inc. InterAct Common 1 3,000 10 0 100%
International,
Inc.
-------------------------------------------------------------------------------------------------------------------
InterAct Technologies, Inc. InterAct Common 1 3,000 10 0 100%
International,
Inc.
-------------------------------------------------------------------------------------------------------------------
InterAct Accessories, Inc. InterAct Common 2*** 3,000 10 0 100%
Holdings, Inc.
-------------------------------------------------------------------------------------------------------------------
Recoton Canada Ltd. AFLE for the Common C-5 unrestricted 140,440 0 100%
benefit of C-6 3,400
Recoton C-7 156,600
Corporation
-------------------------------------------------------------------------------------------------------------------
InterAct Canada, Ltd. AFLE for the Common 2 Unrestricted 1 0 100%
benefit of
InterAct
Holdings, Inc.
-------------------------------------------------------------------------------------------------------------------
* issued July 3, 2001
** to be issued August 1, 2001
*** issued July 2, 2001
Schedule VII
EXHIBIT A-2
to Pledge Agreement
I. DESCRIPTION OF CAPITAL STOCK OF EACH FIRST TIER FOREIGN SUBSIDIARY
(after InterAct Restructuring and Non-InterAct Restructuring)
-------------------------------------------------------------------------------------------------------------------
Shares
Class Stock Authorized Issued
of Certificate No. of Outstanding and Held in Percentage
Stock Issuer Shareholder(s) Stock No Shares Shares Treasure of Shares
-------------------------------------------------------------------------------------------------------------------
RECOTON German Holding GmbH Recoton - - 200,000 DM 200,000 0 100%
Intenational divided into
Holdings, Inc. two share
(f/k/a Recoton interests of
European Holdings) 50,000 DM and
150,000 DM
-------------------------------------------------------------------------------------------------------------------
Recoton (UK) Limited Recoton Ordinary 33** 35,570,714 23,120,444 0 65%
Corporation 34** 12,449,470 35%
-------------------------------------------------------------------------------------------------------------------
Recoton (Far East) Limited 1. InterAct - 11*** 1,000 349 0 34.9%
Holdings, Inc.
2. Xxxxxx 12*** 650 65.0%
Financial, Inc.
2. Xxxxxx 4 1 0.1%
Xxxxxxxxx
-------------------------------------------------------------------------------------------------------------------
Recoton Italia s.r.l. Recoton - - - £3,934,813,000 0 100%
International
Holdings, Inc.
(f/k/a Recoton
European Holdings)
-------------------------------------------------------------------------------------------------------------------
STD Technology Holding 1. InterAct 14*** 10,000 34 0 34%
Limited Technologies, Inc. 65%
2. Xxxxxx 1%
Financial, Inc.. 13*** 65
3. Xxxxxx Xxx
12 1
-------------------------------------------------------------------------------------------------------------------
Recoton (Hong Kong) Limited 1. Recoton 5* 10,000 34 0 34%
(f/k/a Evergrow Consultants Corporation 65%
Limited) 2. Xxxxxx 4* 1%
Financial, Inc.. 65
3. Xxxxxx X. 2
Xxxxxxxxx 1
-------------------------------------------------------------------------------------------------------------------
* issued July 3, 2001
** to be issued August 1, 2001
*** issued July 2, 2001
Schedule VIII
EXHIBIT A
to Pledge Agreement
II. PLEDGED DEBT
In U.S. currency unless otherwise noted
(after InterAct Restructuring and Non-InterAct Restructuring)
----------------------------- ----------------------------------------------- ------------------------------
PLEDGOR/PAYEE OBLIGOR/ISSUER DEBT
----------------------------- ----------------------------------------------- ------------------------------
Recoton Corporation Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton (UK) Limited $3,200,000
----------------------------- ----------------------------------------------- ------------------------------
Recoton (UK) Limited $50,000
----------------------------- ----------------------------------------------- ------------------------------
Tambalan Limited d/b/a Xxxx Consumer Products $392,830
----------------------------- ----------------------------------------------- ------------------------------
Recoton German Holdings GmbH DM 1,000,000
----------------------------- ----------------------------------------------- ------------------------------
Recoton German Holdings GmbH DM 10,000,000
----------------------------- ----------------------------------------------- ------------------------------
Recoton German Holdings GmbH DM 1,800,000
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Recoton Corporation All amounts outstanding from
Holdings, Inc. time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Recoton Corporation All amounts outstanding from
Inc. time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
----------------------------- ----------------------------------------------- ------------------------------
InterAct Canada, Ltd. Recoton Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Interact Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Audio Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
AAMP of Florida, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Home Audio, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Christie Design Corporation All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton International Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Japan, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recone, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Mobile Electronics, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct International, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Holdings, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
InterAct Technologies, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Accessories, Inc. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
Recoton Canada Ltd. All amounts outstanding from
time to time
----------------------------- ----------------------------------------------- ------------------------------
